Value-based payments gain traction among insurers

Insurers increasingly are moving toward value-based payments models, shows a new report from Availity, which provides web-based connectivity between providers and payers. Based on interviews with 39 health insurers, including not-for-profit, for-profit, commercial and Medicare Advantage plans, 82 percent of respondents consider developing new payment models a "major priority" for their organizations. Additionally, 20 percent said value-based payments constitute more than half of their business today, while 40 percent said that will be true for them in three years and 60 percent said value-based payments will happen in five years. The report also found 75 percent of respondents focused their value-based payments on employer group plans, and 54 percent are using value-based methods for their Medicare Advantage plans. Report